New Jersey has asked the Supreme Court to hear the dispute over Kalshi's sports event contracts. The state argues that a split between the Third and Ninth Circuits requires the justices to decide whether Kalshi's sports event contracts are shielded by federal preemption.

A Supreme Court ruling would settle whether state gambling laws can block CFTC-regulated sports event contracts, ending the current patchwork where Kalshi operates in some states but not others.